The InterContinental Hotel Group (IHG) will launch twelve new upscale hotels under a new brand for the Chinese market in 2012.
World No.1 hotelier InterContinental Hotels Group Plc (IHG.L) said revenue growth had slowed in October as unrest in the Middle East impacted trading, overshadowing third quarter profit which was at the top end of expectations.
InterContinental Hotels Group is setting its sights on freshening up its Crowne Plaza Hotels & Resorts upscale hotel brand.
InterContinental Hotels Group (IHG.L) (IHG.L) has signed 12 contracts for its new China hotel brand with the first opening of the new brand expected in late 2012 or early 2013, its China head said on Tuesday.
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